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Chipotle’s stock is sizzling. Shares of the fast-casual chain are on pace for their best quarter ever, up about 60 percent year to date and some 80 percent from the December lows. On Tuesday, the stock reached its highest level since 2015. Given the surge, market watchers tell CNBC it’s …
Read More »Monthly Archives: March 2019
Online mattress retailer Casper to hire IPO underwriters — sources
Rachel Murray | Getty Images A view of the Casper mattresses during Casper’s LA celebration at Blind Dragon on July 9, 2015 in West Hollywood, California. Casper Sleep Inc, the U.S. online mattress retailer whose investors include actor Leonardo DiCaprio and rapper 50 Cent, is seeking to hire underwriters for …
Read More »Boeing to release a fix for 737 Max jets. Here’s everything we know
Stephen Brashear | Getty Images A Boeing 737 MAX 9 test plane is pictured at Boeing Field on March 22, 2019 in Seattle, Washington. After months of development and discussion with federal aviation regulators, Boeing plans to brief about 200 pilots at its Renton, Washington facilities Wednesday on its fixes …
Read More »ECB’s Draghi says a ‘soft path’ doesn’t necessarily signal a recession
DANIEL ROLAND | AFP | Getty Images Mario Draghi, President of the European Central Bank (ECB) arrives for a press conference following the meeting of the Governing Council in Frankfurt am Main, Germany, on September 13, 2018. European Central Bank (ECB) President Mario Draghi said that a temporary slowdown in …
Read More »EU demands scrutiny of 5G risks but no bloc-wide Huawei ban
Lluis Gene | AFP | Getty Images Visitors pass in front of the Huawei’s stand on the first day of the Mobile World Congress in Barcelonaon on February 27, 2017 in Barcelona. EU nations will be required to share data on 5G cybersecurity risks and produce measures to tackle them …
Read More »House can’t override Trump veto on border wall emergency declaration
Al Drago | Bloomberg | Getty Images U.S. House Speaker Nancy Pelosi, a Democrat from California, speaks to members of the media while departing a House Democratic Caucus meeting on Capitol Hill in Washington, D.C., U.S., on Tuesday, March 26, 2019. Last month, Trump declared a national emergency to divert …
Read More »It’s not too soon for a Fed interest rate cut, according to this chart
The bond market has quickly priced in a Federal Reserve interest rate cut this year, just days after the Fed said it would stop raising rates. That has been a surprise to many investors, but it shouldn’t be — if history is a guide. Joseph LaVorgna, Natixis’ economist for the …
Read More »Guy Kawasaki on the state of innovation at Apple
“We have our iPhones and iPads, and we know they will get better and better. But that’s not the test for Apple. People want Apple to create new categories, not just better and better versions of what they already have.” Indeed, some users were not overly impressed with the second …
Read More »Wednesday’s data to show how China conflict is affecting US trade gap
Reuters A worker gestures as a crane lifts goods for export onto a cargo vessel at a port in Lianyungang, Jiangsu province, China February 13, 2019. January’s international trade data could show the U.S. trade gap was again affected by trade friction and tariffs when it is reported Wednesday morning, …
Read More »US trade judge recommends import ban on some Apple iPhones
Stuart C. Wilson | Getty Images Entertainment | Getty Images General view of customers at the Apple Covent Garden re-opening and iPhone XR launch at Apple store, Covent Garden on October 26, 2018 in London, England. A U.S. trade judge on Tuesday recommended Qualcomm be granted a request for an …
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